Bulgaria is experiencing imbalances. Vulnerabilities in the financial sector are coupled with high indebtedness and non-performing loans in the corporate sector. Meanwhile, the Bulgarian economy continues to grow- this country’s gross domestic product is expected to see a 3.6% increase in 2019 and 2020. The GDP debt ratio is expected to be around 26% which is one of the lowest in the European Union. The next external position has improved on the back of robust growth and large current account surpluses. While there is progress in addressing sources of imbalances, the full implementation and monitoring of recent reforms to supervision and governance in the bank and non-financial sectors will be crucial. More action is also needed to reduce the stock of non-performing loans and to complete the reform of the insolvency framework, the EC First Vice President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union said in his report on the Member States’ progress on economic and social priorities.
Experts from the Ministry of Transport and Communications are proposing the division of Bulgarian State Railways (BDZ) into three lots. According to them, this is a first step toward a more efficient and modern railway transport system, reported..
The flu season is expected to peak at the end of December and the beginning of January. In an interview with BNT, general practitioner Dr. Gergana Nikolova clarified that there are currently isolated positive cases of influenza. COVID-19 also..
The Bulgarian Antarctic base "St. Kliment Ohridski" officially opened its doors on the eve of its patron saint's day . The members of the Bulgarian Antarctic expedition, led by Professor Hristo Pimpirev, set foot on the snowy shores of Livingston..
The flu season is expected to peak at the end of December and the beginning of January. In an interview with BNT, general practitioner Dr. Gergana..
After the meeting with his Vietnamese counterpart Luong Cuong in Hanoi, President Rumen Radev emphasized that Bulgaria will continue to support efforts..
The number of crimes committed in the conditions of domestic violence has gone up by 54% since the beginning of the year compared to last year, the..
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